South Africa Tax Agency Issues Binding General Ruling on VAT Requirements for Electronic Service Providers

The South African Revenue Service Feb. 10 issued Binding General Ruling No. 28, on VAT requirements for electronic service providers. The updates include expanded coverage of requirements related to credit and debit notes. The ruling includes: 1) minimum requirements for credit and debit notes issued by electronic service providers on supplies of electronic services; 2) exchange rate rules for when providers issue a credit or debit note; 3) conditions for providers to advertise or quote the price of their electronic services exclusive of VAT; and 4) relevant definitions. The ruling applies from the same date. [South Africa, South African Revenue ...